IMM Private Equity is expected to deliver a 2.3x return on its investment in Tailim Packaging Group following an agreement to sell the cardboard box manufacturer to Sae-A Trading for an enterprise valuation of around $1.5 billion.
PAG Asia Capital and Centurium Capital secured the two firm of the year prizes at the 2019 AVCJ Private Equity & Venture Capital Awards, while Renuka Ramnath of India’s Multiples Alternative Asset Management won the AVCJ Special Achievement Award.
Alibaba Cloud, the cloud computing unit of Alibaba Group, has agreed to acquire IDsManager, a Chinese cloud-based ID management platform backed by Qiming Venture Partners and Fortune Capital.
Building a meaningful events promotion business was an early priority for Affinity Equity during its ownership of Australian ticketing player TEG. This transformation paved the way to a lucrative exit
Alibaba Cloud, a subsidiary of Alibaba Group, has agreed to acquire Chaitin Technology, a Chinese cybersecurity start-up backed by Matrix Partners and Qiming Venture Partners.
Thailand-based Lakeshore Capital has exited Bangkok area steakhouse chain Santa Fe to Singha Corporation for $50 million, generating a 2.75x return.
CLSA Capital Partners has exited Worldtool, a Japanese automotive tools retailer that primarily operates under the Astro Products brand, to domestic home improvement chain Royal Homecenter.
Affinity Equity Partners has agreed its second Australia exit in three weeks, with Silver Lake set to assume control of ticketing business TEG. It follows a deal to sell a 35% stake in Virgin Australia’s frequent flyer business back to the parent company.
The private equity owners of The Executive Centre (TEC), an office provider that relies on Hong Kong for 30% of its EBITDA, have suspended a sale process in response to ongoing protests in the territory.
Advent International has agreed to acquire a 67.9% stake in Indian snacks manufacturer DFM Foods from investors including WestBridge Capital for INR8.52 billion ($118.7 million). It has made an open offer to buy a further 26% of the company for INR3.26...
KKR has acquired a majority stake in Indian education services provider EuroKids International, facilitating a full exit for local GP Gaja Capital with a 6x return.
Indian automotive conglomerate Mahindra & Mahindra has agreed to acquire an up to 55% stake in Meru Cab, a technology-enabled taxi company backed by True North.
VIG Partners has agreed to sell Korean parking management business HiParking to Humax, a consumer electronics manufacturer, for KRW170 billion ($141 million).
Northern Light Venture Capital (NLVC), SBCVC and Hotung Venture Group will exit Chinese online recruitment platform Dajie.com after Meitu agreed to buy a majority stake in the business. The valuation of $88.4 million represents a small premium to the...
LBNCo, an Australian fiber optic network provider acquired last year by a consortium led by ROC Partners, will be sold to industry peer Uniti Wireless for A$100 million ($67.7 million).
J-Star has sold Tokai Trim, a Japanese manufacturer of seat covers for cars and motorcycles, to domestic hotel chain operator Rembrandt Holdings.
The Longreach Group exits Nippon Outsourcing Corporation with a 2.7x return after strong domestic interest in Japan's demographics-driven BPO industry led to a shorter-than-expected holding period
Jade Invest has confirmed a partial exit from Chinese lifestyle goods retailer Latt Liv, selling a “strategic stake” to e-commerce giant JD.com. Financial terms have not been disclosed.
Australian insurance broker network AUB Group has agreed to buy a 49% stake in Coverforce Holdings from Pemba Capital Partners with a view to taking full ownership, but the company’s founder is seeking to block the transaction.
India-based local services marketplace UrbanClap has raised a $75 million Series E round led by Tiger Global Management that will provide an exit for some unnamed investors.
The Philippines’ Jollibee Foods is set to buy US cafe chain The Coffee Bean & Tea Leaf to continue a massive Asian expansion effort. Exiting investor CDIB Capital attests to the opportunity set
XIO Group, a cross-border PE firm established by several Asia-based investment professionals, has agreed to sell market research business J.D. Power to technology-focused GP Thoma Bravo.
TPG Capital and Fosun Pharma have agreed a $1.3 billion deal that will see Chinese hospital operator United Family Healthcare (UFH) absorbed by a special purpose acquisition company (SPAC) established by Antony Leung, formerly Greater China chairman at...
Pepsico has agreed to invest HK$1.02 billion ($130 million) in Natural Food International, a Hong Kong-listed health food distributor, providing a full exit for SAIF Partners.